Trade is good, being completely reliant on another country to deliver the things you need is bad. Especially if you have no idea how to make the things you need. What’s doubly bad is relying on a country that says they want to be ready to go to war with you in three years.
Trade is good, but we need to know how to make the stuff we rely on daily. If WW3 were to start, and we were to get cut off from our trading partners, we need to know how to make the things we require to continue to exist. I don’t think the video is trying to convince us to never buy another foreign product. I think it’s telling us we need to retain the knowledge that is required to make things in the US, so the country doesn’t grind to a halt in the event of an emergency.
Agreed with this, but I don’t think it was entirely the point of Destin’s video, as more of his focus was about keeping jobs local to the United States. Unfortunately his bit at the end about companies spending more money for local manufacturing is not how Wall Street works, and that’s all corporations care about. If from a national standpoint, retaining this knowledge is vital to the security of the country, the government should be investing in keeping that production in the countries via tax subsidies or other incentives. Corporations won’t do it on their own if it means less profit for them, and imposing tariffs will just be passed to the citizens with no industrial gain.
Trade is good, being completely reliant on another country to deliver the things you need is bad. Especially if you have no idea how to make the things you need. What’s doubly bad is relying on a country that says they want to be ready to go to war with you in three years.
Trade is good, but we need to know how to make the stuff we rely on daily. If WW3 were to start, and we were to get cut off from our trading partners, we need to know how to make the things we require to continue to exist. I don’t think the video is trying to convince us to never buy another foreign product. I think it’s telling us we need to retain the knowledge that is required to make things in the US, so the country doesn’t grind to a halt in the event of an emergency.
Agreed with this, but I don’t think it was entirely the point of Destin’s video, as more of his focus was about keeping jobs local to the United States. Unfortunately his bit at the end about companies spending more money for local manufacturing is not how Wall Street works, and that’s all corporations care about. If from a national standpoint, retaining this knowledge is vital to the security of the country, the government should be investing in keeping that production in the countries via tax subsidies or other incentives. Corporations won’t do it on their own if it means less profit for them, and imposing tariffs will just be passed to the citizens with no industrial gain.